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Investors Better Hope This Time Really Is Different

Full Article: Investors Better Hope This Time Really Is Different

By: The Felder Report

 

“This time is different.” Sir John Templeton famously called these, “the four most dangerous words in investing,” but that hasn’t stopped many pundits from pointing out the obvious ways in which this time is truly different from the past. And I don’t disagree with them. In fact, we have seen this plenty of times before. During the late-1920’s stocks rose to valuations that were unprecedented at the time. They did so again in the late-1990’s. And it’s true once again that things are now very different than what we have witnessed previously in the markets.

The median stock in the S&P 500 has never been valued higher than it is today. Corporate profit margins over the past decade have soared and sustained at heights rarely if ever seen before. In the past, margin debt was a valuable way to assess risk in the stock market. This relationship has broken down in recent years. The Buffett Yardstick was also not just a good way to assess forward 10-year returns for stocks but also 3-year risk in the stock market, as well. During this cycle this relationship has also failed. Finally, the relationship between demographics and equity valuations has also broken down in recent years.

Full Article: Investors Better Hope This Time Really Is Different

By: The Felder Report

Disclaimer

© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

 

 

 

 

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Millennials and baby boomers have conflicting views on when it’s time to pay your own way

Full Article: Millennials and baby boomers have conflicting views on when it’s time to pay your own way

By: Quentin Fottrell

Young Americans are constantly told by the media — and, sometimes, their own parents — that they think the world owes them a favor.

Millennials say people should be able to pay for their own housing at 22 years of age, pay for their own car at 20.5 years of age and be responsible for their own cell phone plan at 18.5 years of age, according to a new study from personal-finance site Bankrate.com.

Full Article: Millennials and baby boomers have conflicting views on when it’s time to pay your own way

By: Quentin Fottrell

Disclaimer

© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

 

 

 

 

 

old heritage gold shaker and pan in the waters edge

Margin Clerks May Have Completed Their Job in Silver – For Now

Full Article: Margin Clerks May Have Completed Their Job in Silver – For Now

By: Bob Hoye

Another day for the record books in silver. The fallout from the record high speculative long futures positions is having its impact as under margined futures accounts have been forced to liquidate holdings. Not surprisingly, silver registered a Downside Capitulation alert as of today (offsetting the pendulum of upside Exhaustion Alerts and euphoria of last July). These alerts occur when both our short-term Summation Index and the intermediate term Exhaustion Index reach extremes. This is the first buy alert since November 2014 (only fifteen buy alerts in the last thirty years). Prices generally create an interim low within two days, stage a brief rally back to the 20-day exponential moving average and then ease off again. It is the characteristics of the subsequent drop that determine the viability of a potential bottom.

Full Article: Margin Clerks May Have Completed Their Job in Silver – For Now

By: Bob Hoye

Disclaimer

© 2010 Junior Gold Report and TechMoney360

Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report’s and Tech Money 360’s Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360).  No Guarantee as to Content:  Although JGR/TM360 attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/TM360, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Junior Gold Report and TechMoney360 sites or accept this email. Consideration for Services: JGR/TM360, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR/TM360 as such our opinions are biased. We may hold potions in and trade these stocks of the companies we profile and as such our opinions are biased. JGR/TM360 and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR/TM360 has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/TM360 aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: JGR/TM360 is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/TM360 is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/TM360 may contain links to related websites for stock quotes, charts, etc. JGR/TM360 is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading and/or watching videos by JGR/TM360, you agree to hold JGR/TM360, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

 

 

 

 

 

14malaria-web1-superJumbo

Hard Times in Venezuela Breed Malaria as Desperate Flock to Mines

Carlos Raphael, right, and his crew in July, mining for gold at the Cuatro Muertos, or Four Dead Men, an illegal mine near Las Claritas, Venezuela, that is 15 stories deep. Credit Meridith Kohut for The New York Times (featured image). 

THE ALBINO MINE, Venezuela — The 12th time Reinaldo Balocha got malaria, he hardly rested at all. With the fever still rattling his body, he threw a pick ax over his shoulder and got back to work — smashing stones in an illegal gold mine.

As a computer technician from a big city, Mr. Balocha was ill-suited for the mines, his soft hands used to working keyboards, not the earth. ButVenezuela’s economy collapsed on so many levels that inflation hadobliterated his salary, along with his hopes of preserving a middle-class life.

So, like tens of thousands of other people from across the country, Mr. Balocha came to these open, swampy mines scattered across the jungle, looking for a future. Here, waiters, office workers, taxi drivers, college graduates and even civil servants on vacation from their government jobs are out panning for black-market gold, all under the watchful eyes of an armed group that taxes them and threatens to tie them to posts if they disobey.

It is a society turned upside down, a place where educated people abandon once-comfortable jobs in the city for dangerous, backbreaking work in muddy pits, desperate to make ends meet. And it comes with a steep price: Malaria, long driven to the fringes of the country, is festering in the mines and back with a vengeance.

Venezuela was the first nation in the world to be certified by the World Health Organization for eradicating malaria in its most populated areas, beating the United States and other developed countries to that milestone in 1961.

It was a huge accomplishment for a small nation, one that helped pave Venezuela’s development as an oil power and fueled hopes that a model to stamp out malaria across the globe was at hand. Since then, the world hasdedicated enormous amounts of time and money to beating back the disease, with deaths plummeting by 60 percent in places with malaria in recent years, according to the W.H.O.

But in Venezuela, the clock is running backward.

The country’s economic turmoil has brought malaria back, sweeping the disease out of the remote jungle areas where it quietly persisted and spreading it around the nation at levels not seen in Venezuela for 75 years, medical experts say.

It all starts with the mines. With the economy in tatters, at least 70,000 people from all walks of life have been streaming into this mining region over the past year, said Jorge Moreno, a leading mosquito expert in Venezuela. As they hunt for gold in watery pits, the perfect breeding ground for the mosquitoes that spread the disease, they are catching malaria by the tens of thousands.

Then, with the disease in their blood, they return home to Venezuela’s cities. But because of the economic collapse, there is often no medicine and little fumigation to prevent mosquitoes there from biting them and passing malaria to others, sickening tens of thousands more people and leaving entire towns desperate for help.

Ana María Padrón with her two sons, who were fighting malaria, in May at their home in El Dique. Credit Meridith Kohut for The New York Times

The economic breakdown has “triggered a great migration in Venezuela, and right behind it is the spread of malaria,” said Dr. Moreno, a researcher at a state-run laboratory in the mining region. “With this breakdown comes a disease that is cooked in the same pot.”

Once out of the mines, malaria spreads quickly. Five hours away in Ciudad Guayana, a rusting former industrial boomtown where many are now jobless and have taken to wildcatting in the mines, a crowd of 300 people packed the waiting room of a clinic in May. All had symptoms of the disease: fevers, icy chills and uncontrollable tremors.

There were no lights because the government had cut power to save electricity. There were no medicines because the Health Ministry had not delivered any. Health workers administered blood tests with their bare hands because they were out of gloves.

Maribel Supero clutched her 23-year-old son as he trembled, unable to speak. José Castro held his 18-month-old daughter as she screamed. Griselda Bello, who works at the clinic, waved her hands helplessly and told yet another patient to hold on a bit longer.

The pills had run out. There was nothing she could do.

“Come back tomorrow at 10 a.m.,” she said.

“My God,” the patient said. “Someone might die by then.”

“Indeed, they might,” she said.

In the nearby town of Pozo Verde, residents said malaria had swept in after miners began returning home sick, the government fumigators having vanished two years ago. Now, the public high school has become an incubating ground of its own: A quarter of its 400 students have contracted malaria since November.

“You would think we would do something — a cordon, a quarantine,” said Arebalo Enríquez, the principal of the school, who contracted malaria, as did his wife, mother and seven other members of his family.

Officially, the spread of malaria in Venezuela has become a state secret. The government has not published epidemiological reports on the disease in the past year, and it says there is no crisis.

But the most recent internal figures, obtained by The New York Times from Venezuelan doctors involved in compiling it, confirms a surge is underway.

In Ciudad Guayana, hundreds of people, all with symptoms of malaria, overflowed a clinic in May. Credit Meridith Kohut for The New York Time

In the first six months of the year, malaria cases rose 72 percent, to a total of 125,000, according to the figures. The disease cut a wide path through the country, with cases present in more than half of its 23 states. And among the malaria strains present here is Plasmodium falciparum, the parasite that causes the most fatal form of the disease.

“It is a situation of national shame,” said Dr. José Oletta, a former Venezuelan health minister who lives in the capital, Caracas, where malaria cases are now appearing, too. “I was seeing this kind of thing when I was a medical student a half-century ago. It hurts me. The disease had disappeared.”

In El Dique, a rural town where malaria was largely unknown until two years ago, Juana García, 66, sat outside her home, newly widowed since her husband fell ill with the disease and died. She hardly spoke or moved from her chair.

“She will keep fighting,” said her daughter Ana María Padrón.

Inside Ms. Padrón’s adobe home, her two sons were fighting malaria, too. Almost like clockwork, their fevers began in the morning: at 8 a.m. for Omar, who is 8; at 11 for Aristides, who is 7. The family has found no medicine. The boys have only painkillers.

“We pray,” their mother said.

Lure of the Mines

The illegal mines spill out over dozens of miles, leaving a pockmarked stretch of earth where the jungle gives way to countless craters and scars.

Some are no more than tiny pools where two men sift the mud with pans, like a scene from the California goldfields more than a century ago. Others drain wide marshes with tangled networks of tubes and pumps. In another spot, hundreds of wildcatters had dug out a gaping maw of red and white soil. It sinks 15 stories deep and runs the length of a football field. They call it Cuatro Muertos, or Four Dead Men.

It was not supposed to be this way. The gold reserves were once controlled by a Canadian company before President Hugo Chávez expropriated them and pledged to use their profits to fund his Socialist-style revolution.

But the expropriation followed the pattern of mismanagement and neglect that many others did during the Chávez era. The state eventually abandoned the territory around the mine, and the potentially lucrative profits. Wildcatters have moved in, and so have the armed groups that now call themselves the law here.

But at least there is food.

As the country convulses from food shortages and riots, as hungry mobs ransack grocery stores, restaurants and bakeries, the mining town of Las Claritas, only a short drive from the mines, lives in a state of relative plenty.

Soraya Rodríguez’s ear was pricked during a blood test for malaria at a clinic in Tumeremo. Credit Meridith Kohut for The New York Times

Restaurants offer full menus. Street markets are packed with fruit. Pickups drive by loaded with pumpkins. In a country where soap is in short supply, a dozen brands are on sale in a Chinese-owned grocery store, where seven models of flat-screen televisions are also available. Miners dish out fat wads of their gold earnings in cash, which run through a bill-counting machine.

The promise of a different Venezuela — one where there is ample food and work that pays enough — led Yudani González to abandon a program to become a preschool teacher in Ciudad Bolívar, the provincial capital, where unemployment is rampant. Instead, she headed to a ramshackle jungle camp, where she cooks for miners with one hand and cares for her two young children with the other.

“Here, you can get ahead,” Ms. González said, washing her 1-year-old daughter in a plastic bucket on the counter as she cooked.

Danneris Flores, a government employee moonlighting as a mining camp cook, sat nearby. She is an administrative assistant in a state-run health clinic, but Venezuela’s currency has tumbled so far that her salary amounts to only about $1 a day at the current street value.

So she asked for a vacation — and used it to work for a couple of weeks at the mines.

Her brother-in-law, who works for the state oil company, Pdvsa, does the same thing. In a short stint at the mines, Ms. Flores said she could earn twice her monthly wages. She counted the days until she would be home to see her three children, whom she had left after “closing my eyes and making my heart small.”

“I never imagined that I would work in a mine,” she said to Ms. González as they served a meal. “Before, people thought of going to school.”

A miner walked in to greet the women and said he had recently watched someone collapse and die of malaria on her way to a market. Ms. González said she had come down with it four times herself. Her 4-year-old, she said, has had it three times.

“They charge you two grams of gold for medicine,” she said. “You pay what they ask.”

Not everyone can find medication, even with gold earnings.

José Yoel Castillo stumbled to the doorstep of the malaria clinic in Las Claritas, carried on the shoulders of two relatives as he convulsed and was unable to speak.

At a Ciudad Guayana clinic, slides with blood samples from patients with malaria symptoms. Credit Meridith Kohut for The New York Times

He had been making a living in the town of Caicara del Orinoco, driving passengers on the back of a motorcycle. But an armed gang took the vehicle, and Mr. Castillo could not afford a new one.

So he came to the mines. He quickly found work and money — even malaria medication the first time he became ill. But when the symptoms came a second time, he could not find treatment anywhere.

“Some people can just keep working through it,” said his brother-in-law, Alejandro López. “But others can’t.”

Even with money in their pockets, the miners know the dangers of going back home.

Josué Guevara, 20, gave up last November on his university studies in industrial engineering in a city about 10 hours away. He once pictured himself as a manager at the state-owned aluminum company, Alcasa. But his family members who worked there could barely afford food, he said.

“Now I have other goals,” he said, standing at the edge of the Cuatro Muertos mines, where he lives and works today.

Using gasoline and other chemicals to extract the gold, Mr. Guevara earned 500,000 bolívars — around $500 at black-market exchange rates, about 33 times the country’s minimum wage — during a lucky two-week stretch. But when he got malaria this spring, he did what many miners do: He returned to his hometown to recover, bringing the disease with him.

“Everything has its risks,” he said.

On the other side of the vast pit, Pedro Pérez, 38, sat in a structure made of tree poles and tarp where he sleeps with 10 other miners. He tested positive for malaria twice in March. The third time he fell ill, he did not bother to get tested.

“I was lying here and I felt the same symptoms,” he said.

He, too, went back home — to the provincial capital, Ciudad Bolívar, where his mother eventually caught malaria, as well.

“It’s coming from us,” Mr. Pérez said.

Mr. Pérez remembered his life before he came to the mines last fall: He was a supervisor at a state-owned metal refinery, he said.

Maribel Supero clutched her son, an illegal gold miner who had been sick with malaria for 21 days. CreditMeridith Kohut for The New York Times

He owned a four-bedroom, two-bathroom house and a 2005 Ford Focus. He and his wife, a lawyer, once jetted off on last-minute getaways to Isla Margarita, a tropical island off the north coast of Venezuela.

Yet even before he lost his job last year and was unable to find another, Venezuela’s plummeting currency had whittled his salary down to about $26 a month. He eventually left home for the mine.

“I am still not used to washing myself every day in a river of dirty water,” he said. “I thought I had a good life.”

A few weeks ago, his wife came to Las Claritas to buy the food and soap she could not find in Ciudad Bolívar. The couple spent three nights together in a miner’s hostel. After she left, Mr. Pérez felt the strains on their marriage.

“‘I know it’s hard for you,’ I tell her, ‘but we have to accept this new reality,’” he said.

Back in Las Claritas, at a table in a dark brothel that smelled of alcohol, sat Angélica, a young woman with long black hair whose parents do not know she has turned to prostitution to make her living.

She left the eastern city of Maturín three months ago when riots erupted because food had gone scarce.

“Before, you waited in line for hours, but you got something,” said Angélica, who did not give her last name, ashamed of her work. “But now there is nothing there.”

Today she earns the equivalent of $40 when a miner wants to spend the night with her. More often, the money comes in increments of $8, when a customer wants to have sex and leave a short time later.

The Albino Mine in May. With the economy in tatters, thousands are streaming into this region. Credit Meridith Kohut for The New York Times

At times, she said, it may be a stranger who is trembling with fever, unable to perform because of malaria. Other times, it is the owner of one of the Chinese grocery stores. The men come from all corners of the country.

“The most difficult part of this life is being with someone who you do not love,” she said.

A Resurgence Ignored

Venezuela rose only after malaria declined.

It was the 1920s and another resource had set off a bonanza — the black gold of oil, discovered in massive supply.

But a vast malaria hot zone, then two-thirds of Venezuela, stood between the country and its riches. The deadly scenes were later immortalized in “Dead Homes,” a 1955 Venezuelan novel about the rural epidemics of malaria and the waves of migration to the country’s oil fields.

Freeing the country of malaria became pivotal to Venezuela’s development, said Dr. Oletta, the former health minister.

“Only once malaria was gone, roads could come, industry,” he said. “This was a sick country, and when it got well, things changed.”

That transformative effort was led by Dr. Arnoldo Gabaldón, the former health minister who began one of the world’s first large-scale efforts to eradicate malaria and who became a national hero during his age.

Teams across the Venezuelan countryside built irrigation ditches to drain pools of standing water, distributed quinine and constructed cinder block homes in rural areas so that mosquitoes had fewer places to breed. Dr. Gabaldón founded a research center in the city of Maracay, outside of Caracas and itself a malaria zone at the time, to broaden the mission and train officials from Latin America and Africa.

But it was his use of insecticides — initially DDT, then other substances — that began to turn the tide. The walls of nearly every rural home in the country were sprayed, a technique that killed mosquitoes when they landed to rest. Fumigators would leave an envelope showing the date they would return.

Carlos Freydel said he has had malaria 60 times during the nine years he has worked illegally mining for gold. Credit Meridith Kohut for The New York Times

By 1949, malaria deaths had fallen drastically: to nine per 100,000 people from 300.

By the time Mr. Chávez assumed the presidency 50 years later and began to carry out his Socialist-inspired vision for Venezuela, the regimented system of Dr. Gabaldón had long faded, though malaria still appeared to be confined to a few rural areas. But the restructuring of the economy under Mr. Chávez and his followers, including a growing dependence on oil revenue and a system of currency controls restricting American dollars, would eventually change that.

In 2014 and 2015, as oil prices collapsed and the government scrambled for money to pay for goods, services and imports, there were long shortages of chloroquine and primaquine, two drugs used for Plasmodium vivax, the most prevalent malaria parasite in the Americas.

By 2016, doctors said there were shortages of nearly all anti-malaria drugs, most notably a drug cocktail for the deadly falciparum strain that costs just several dollars for a full round of treatment. Though debilitating and even fatal, malaria is easily treatable with the proper medication.

Dr. Leopoldo Villegas, an international malaria expert in Bangkok, said the government also relied on outdated methods like outdoor fogging with insecticides, which had unproven effects on adult mosquitoes that transmit malaria. And because it was not publishing epidemiological reports of new malaria cases or deaths, it was unclear how much medicine was needed each year.

“This is an emergency, this is an outbreak, and it’s not being dealt with by the government this way,” Dr. Villegas said, adding that the Venezuelan government had repeatedly denied the extent of malaria’s resurgence to international organizations that could help prevent its spread.

Gustavo Bretas, a Brazilian malaria expert, said that Venezuela once trained people throughout the region in malaria prevention. But Venezuela’s inability to contain its own outbreak means that it now plays the opposite role: It poses a threat to the countries around it, particularly Brazil, where there are also illegal gold mines.

“It’s starting to spill over into neighboring countries,” he said, adding that the lack of government statistics made the extent of the problem hard to assess.

Venezuela’s Health Ministry did not respond to requests for an interview, including a letter delivered to its offices.

Oscar Noya now works in Dr. Gabaldón’s old laboratory in Caracas under a picture of his mentor in a suit and bow tie. On a recent day, malaria patients once again sat on the steps, most having arrived from the mines. Fifteen had come on a recent morning; 12 of them tested positive for the disease.

The watery pits of the mines, perfect mosquito breeding grounds, are spreading malaria to miners.CreditMeridith Kohut for The New York Times

Dr. Noya tries to make do without many vital drugs, like artesunate, listed by the W.H.O. as an essential medicine for the treatment of severe cases of falciparum malaria. He has only three vials of it left. He needs six to treat a single patient with a serious case.

One recent night, a gang entered one of his malaria laboratories and stole the computers, one of about 20 attacks this year against the Tropical Medical Institute where he works, Dr. Noya said. He wonders if the groups are aligned with the government.

“We believe this is no more than intimidation because we’re not quiet and we won’t be quiet,” he said, referring to public advocacy about malaria and the spread of other diseases.

Dr. Noya put away his vials of artesunate as more patients gathered outside. He looked up with an air of desperation. “Dr. Gabaldón would have died of a heart attack if he’d seen what is happening,” he said.

Order Outside the Law

Despite the constant churn of workers from across Venezuela, there is a clear order to the mines.

It is enforced by an armed group known as the Union.

One of the Union’s bosses came to the mines years ago to work as a dentist. He still does. But the squads of patrolmen on motorbikes who dominate this place are the real source of his wealth and power. He sports gold chains, two gold teeth — and brass knuckles made of gold.

After the government abandoned them, the mines soon grew again, this time at an unruly pace as wildcatters plowed into the forest, creating pools of stagnant water and a population of easy prey for the mosquitoes that breed in them, paving the way for the explosion of malaria.

Sitting on his patio, the boss, who declined to be named because he could be arrested by the government, took pride in what he said was the Union’s ability to fill in for the vacuum left by the state. Yes, he acknowledged, the punishments the group meted out could be gruesome, like shooting off a man’s hand when he stole, or tying others to posts at the entrance of town with a sign detailing the offense committed.

But he argued that the discipline kept crime in the camps low and allowed miners to go about their business in peace — another aspect of life that has steadily eroded in Venezuela’s dangerous cities.

The leader of the armed group known as “the Union” showed his brass knuckles made of gold.CreditMeridith Kohut for The New York Times

“To get justice from the police is a joke,” he said. “You have to get your own justice.”

Eduardo Medina agreed. A former pharmacist, he said he had left the drugstore where he worked in the state of Zulia a year ago to start mining because he saw the economic crisis spread and law and order slip away.

“At any time, you might go out and someone would put a pistol in your face for your phone, or knife your mother,” Mr. Medina said in his tent. “Crime is under control here. They charge us, but they solve the problems, too.”

But the appearance of calm is deceiving. Storms rage in other places where rivals vie for control of the mines. In March, at least 17 miners were killed in what the authorities believed was one such dispute.

Mr. Medina, on a break, looked down into the pit where his fellow miners labored.

“At any moment, you can be killed in Zulia,” he said. “But you can be killed here, too.”

For all the challenges of keeping order, the boss said, malaria was even harder.

“On malaria, we are screwed,” he said.

The task of monitoring the disease seems to have been delegated to people like a state health employee named Miguel Martínez, who sat at a lonely post a short walk from a brothel near the mines, examining blood samples from miners. Under his microscope, a dye had stained the malaria parasite a dark purple. The log beside him showed that half of the patients who had visited him that day had tested positive for malaria.

Like many health workers in this country, Mr. Martínez was exasperated.

“Just as there are no rice and beans in this country, there are no medicines,” he said.

Evening approached at the mine, the time when the Anopheles mosquito begins to feed. Dusk settled over a clapboard Pentecostal church, where parishioners speak in tongues, and past a red-and-blue circus tent promising alcohol and a strip tease.

Under a tarp, five men hammered away at a vein of quartz, which they would grind down and sift for gold. Others waded up to their shoulders in pools laden with heavy metals like mercury, angling tubes to pump the mud. Tropical birds flew in the distance.

Cuatro Muertos. When miners return home to Venezuela’s cities to recover from malaria, there is often no medicine.CreditMeridith Kohut for The New York Times

“Is the malaria really coming from the miners?” asked Aníbal Flores, 28, a miner who sleeps in a hammock between two poles beside the mine. “But where else can we go to make money? The city? There is no food there.”

Lately, many Venezuelans have taken matters into their own hands.

Five hours away in the newly infected town of El Dique, residents were collecting 100 bolívars from each household to hire a fumigator to come spray their homes.

In the mine, where malaria tests are sometimes unavailable, miners said they had developed an exam of their own: Drink two bottles of beer. If a sharp pain is felt afterward in the liver, where the parasites reside, then the patient has malaria, the test goes. Health officials said the measure was futile.

Still, Mr. Balocha, the former computer technician who works in the Albino Mine, lives by it. Miners call it an “artisanal test.”

He was sick once again, waiting for medicine at a chain-link fence on the edge of a clinic. He recalled the words of his uncle, who phoned him a year ago when Mr. Balocha found his salary as a computer technician to be worthless in the city of Valencia.

“There is money here,” said the uncle, who was mining then. “You have to know how to find it.”

Mr. Balocha started as a “palero,” a stone breaker, getting the smallest cut of the take. But it was still more than what his salary bought in the city after inflation had whittled it away, he said.

He recalled the first time he got malaria, too, the “chills like you were lying down between two blocks of ice.”

“The first time you get malaria is the ugliest,” Mr. Balocha said. “You can’t control the tremors. You feel like you will die. You feel like you are a zombie.”

But he would become a millionaire here, he joked, and one day he would head to Europe — with a Latin American woman, he added — far from the mines, the malaria and the Union.

He sighed, looking up at the sky.

“In the mine, happiness is only temporary,” he said.

Follow Nicholas Casey on Twitter @caseysjournal.

Patricia Torres and Clavel Rangel contributed reporting.

A version of this article appears in print on August 15, 2016, on page A1 of the New York edition with the headline: Seeking Gold, Getting Malaria.

Full Article : Hard Times in Venezuela Breed Malaria as Desperate Flock to Mines 

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

american-li-1688

American Lithium finds Li, B target at Fish Lake

2016-08-08 07:21 ET – News Release

Mr. Michael Kobler reports

AMERICAN LITHIUM IDENTIFIES LITHIUM AND BORON TARGET ON EASTERN FLANK OF FISH LAKE VALLEY

American Lithium Corp. has identified historic drilling information from U.S. Borax reports that identifies a lithium and boron hydrothermal enrichment on the east side of Fish Lake Valley. This information defines a new lithium and borax target in the Lower Fish Lake Assemblage (“LFVA”) which outcrops onto the Companies claims on the eastern side of the Fish Lake Valley.

The historic report contains grades and intervals of lithium and boron*. /

*The resource estimate of the Fish Lake Hills deposit, (US Borax project report, 1987) is a historic resource therefore the estimate cannot and should not be relied upon. The historic estimate has been presented here to demonstrate the evidence of brine and sediment enrichment in lithium. There is no certainty that the historic grades and intervals identified in US Borax drilling will extend into the companies claims.

The LFVA that hosts these historic drill holes is laterally continuous and outcrops on the American Lithium Claims on the east side of the claim package. The LFVA is also expected to extend into the Fish Lake basin to the west where the sediments are down dropped by the faulting that formed the Fish Lake Basin.

“The identification of high grade lithium and boron in clays at and near surface in Fish Lake Valley demonstrates both a stand alone lithium clay target as well as the potential for the presence of lithium enriched brines.” comments Mike Kobler, Chief Executive Officer of American Lithium. “Furthermore, we are excited to have this additional information to integrate into our exploration model as we move to being drilling our Fish Lake lithium brine targets in August/September 2016.”

Under the direction of Dana Brock, P.E., R.G., C.E.G., Vice President, Geosciences and Engineering, The company will be mobilizing a field crew to map and sample the exposed LFVA sediments. Additionally, work by Dr Oldow’s basin modelling group will help define the depth of the intersection of the LFVA with the basin sediments and qualify that target in relation to the Upper Fish Lake Assemblage which hosts the lithium brine production at Ablemarle’s wells in the adjacent Clayton Valley.

Michael Collins, P.Geo. is independent of the company and is the Company’s designated Qualified Person within the meaning of National Instrument 43-101, and has reviewed and approved the technical information contained in this news release.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.